XML 30 R44.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Borrowings - Summary of Mortgage Note Payable and Line of Credit (Detail) (USD $) | 3 Months Ended |  |
--- | --- | --- | ---
Mar. 31, 2015 | Dec. 31, 2014 | May 09, 2014
Debt Instrument [Line Items] |  |  |
Principal Outstanding | $ 106,666,803 us-gaap_LongTermDebt | $ 86,417,361 us-gaap_LongTermDebt |
Undrawn Commitment | 108,015,002 us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount | 125,993,002 us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount |
MetLife [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Initial Commitment |  |  | 125,000,000 us-gaap_DebtInstrumentFaceAmount / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember
MetLife [Member] | Mortgage Note Payable [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Issuer | MetLife |  |
Dates of Issuance | May 09, 2014 |  |
Initial Commitment | 100,000,000 us-gaap_DebtInstrumentFaceAmount / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableToBanksMember |  | 100,000,000 us-gaap_DebtInstrumentFaceAmount / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableToBanksMember
Maturity Date | Jan. 05, 2029 |  |
Principal Outstanding | 66,331,998 us-gaap_LongTermDebt / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableToBanksMember | 66,331,998 us-gaap_LongTermDebt / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableToBanksMember |
Stated Interest Rate | 3.61%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableToBanksMember | 3.61%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableToBanksMember |
Undrawn Commitment | 33,668,002 us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableToBanksMember | 33,668,002 us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableToBanksMember |
MetLife [Member] | Line of Credit [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Issuer | MetLife |  |
Dates of Issuance | May 09, 2014 |  |
Initial Commitment | 25,000,000 us-gaap_DebtInstrumentFaceAmount / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_LineOfCreditMember |  | 25,000,000 us-gaap_DebtInstrumentFaceAmount / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_LineOfCreditMember
Maturity Date | Apr. 05, 2024 |  |
Principal Outstanding | 11,800,000 us-gaap_LongTermDebt / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_LineOfCreditMember | 4,000,000 us-gaap_LongTermDebt / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_LineOfCreditMember |
Stated Interest Rate | 2.76%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_LineOfCreditMember | 2.75%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_LineOfCreditMember |
Undrawn Commitment | 13,200,000 us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_LineOfCreditMember | 21,000,000 us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount / us-gaap_LineOfCreditFacilityAxis = land_MetlifeMember / us-gaap_LongtermDebtTypeAxis = us-gaap_LineOfCreditMember |
Farm Credit [Member] | Mortgage Notes Payable [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Issuer | Farm Credit |  |
Dates of Issuance, Start | Sep. 19, 2014 |  |
Dates of Issuance, End | Mar. 10, 2015 |  |
Initial Commitment | 14,888,280 us-gaap_DebtInstrumentFaceAmount / us-gaap_LineOfCreditFacilityAxis = land_FarmCreditMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableOtherPayablesMember |  |
Maturity Date, Start | May 01, 2020 |  |
Maturity Date, End | Aug. 01, 2034 |  |
Principal Outstanding | 14,681,805 us-gaap_LongTermDebt / us-gaap_LineOfCreditFacilityAxis = land_FarmCreditMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableOtherPayablesMember | 12,410,363 us-gaap_LongTermDebt / us-gaap_LineOfCreditFacilityAxis = land_FarmCreditMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableOtherPayablesMember |
Stated Interest Rate | 3.48%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_LineOfCreditFacilityAxis = land_FarmCreditMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableOtherPayablesMember | 3.53%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_LineOfCreditFacilityAxis = land_FarmCreditMember / us-gaap_LongtermDebtTypeAxis = us-gaap_NotesPayableOtherPayablesMember |
Farmer Mac [Member] | Bond Payable [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Issuer | Farmer Mac |  |
Dates of Issuance | Dec. 11, 2014 |  |
Initial Commitment | 75,000,000 us-gaap_DebtInstrumentFaceAmount / us-gaap_LineOfCreditFacilityAxis = land_FarmerMacMember / us-gaap_LongtermDebtTypeAxis = land_BondsPayableMember |  |
Maturity Date, Start | Dec. 11, 2019 |  |
Maturity Date, End | Jan. 06, 2020 |  |
Principal Outstanding | 13,853,000 us-gaap_LongTermDebt / us-gaap_LineOfCreditFacilityAxis = land_FarmerMacMember / us-gaap_LongtermDebtTypeAxis = land_BondsPayableMember | 3,675,000 us-gaap_LongTermDebt / us-gaap_LineOfCreditFacilityAxis = land_FarmerMacMember / us-gaap_LongtermDebtTypeAxis = land_BondsPayableMember |
Stated Interest Rate | 3.25%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_LineOfCreditFacilityAxis = land_FarmerMacMember / us-gaap_LongtermDebtTypeAxis = land_BondsPayableMember | 3.25%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_LineOfCreditFacilityAxis = land_FarmerMacMember / us-gaap_LongtermDebtTypeAxis = land_BondsPayableMember |
Undrawn Commitment | $ 61,147,000 us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount / us-gaap_LineOfCreditFacilityAxis = land_FarmerMacMember / us-gaap_LongtermDebtTypeAxis = land_BondsPayableMember | $ 71,325,000 us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount / us-gaap_LineOfCreditFacilityAxis = land_FarmerMacMember / us-gaap_LongtermDebtTypeAxis = land_BondsPayableMember |

X
- Definition Debt instrument issuance date range end. + References No definition available. + Details
Name: | land_DebtInstrumentIssuanceDateRangeEnd
Namespace Prefix: | land_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Debt instrument issuance date range start. + References No definition available. + Details
Name: | land_DebtInstrumentIssuanceDateRangeStart
Namespace Prefix: | land_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Date the debt instrument was issued, in CCYY-MM-DD format. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentIssuanceDate1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Identification of the contractual issuer of the debt instrument (for example, a subsidiary of the reporting entity). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 + Details
Name: | us-gaap_DebtInstrumentIssuer
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(2)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentMaturityDate
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Latest date the outstanding debt instruments are required to be repaid, in CCYY-MM-DD format. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(2)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentMaturityDateRangeEnd1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Earliest date the outstanding debt instruments are required to be repaid, in CCYY-MM-DD format. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(2)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentMaturityDateRangeStart1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of unused borrowing capacity under the long-term financing arrangement that is available to the entity as of the balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Subparagraph b -Article 5 + Details
Name: | us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 7 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 9 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20, 22 -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
Name: | us-gaap_LongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_LineOfCreditFacilityAxis=land_FarmCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LineOfCreditFacilityAxis=land_FarmerMacMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LineOfCreditFacilityAxis=land_MetlifeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |